Page 7 - bne IntelliNews George country report Sept 2017

y/y in the second quarter, opening up opportunities in hospitality, construction and other services; as are exports, which were 29% y/y higher in the first half-year; the central bank is making progress toward increasing the stability and confidence in the national currency, the lari. Large-scale investments in energy and infrastructure are supporting steady and sustainable development. In the medium term the Georgian economy could grow by 10% to 12% per annum. That will be good not only for the country, but also for business.
"We believe the banking sector has the potential to grow between 12% to 15% annually," he says. And with it, TBC Bank is eyeing medium-term return on equity of 20% or more, 15% growth in portfolio, dividend payout of 25% to 35%, cost of income of less than 40% and maintaining Tier 1 capital at around 10.5%.
7 GEORGIA Country Report September 2017 www.intellinews.com